377 Jacques Avenue

Property Summary: 377 Jacques Avenue, Grassie, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Grassie presents a practical opportunity. Its key characteristic is a generous 7,732 sqft lot, which is notably larger than most homes on its street and across Winnipeg, offering valuable outdoor space and future potential. The home itself, at 1,314 sqft, offers average living space for the area. A renovated basement and an attached garage add functional appeal.

The property’s primary appeal lies in its value proposition. The assessed value is modest compared to the street average, suggesting a potentially accessible entry point into a stable neighborhood. While the home is older (built in 1990), its city-wide ranking for year built is actually above average, indicating it’s newer than many Winnipeg homes. This combination—a larger lot, functional living space, and a value-oriented assessment—creates a grounded, no-frills offering.

This home would suit first-time buyers or practical-minded investors looking for a footprint with room to grow, either in the yard or through future updates to the house itself. It’s less suited for those seeking a newer build or premium finishes without a renovation project.

Section 2: Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
Not directly. The assessed value is for municipal tax purposes. The data shows it's below the street average but above the city average, making a professional market evaluation essential to understand its true market value.

2. How does the lot size compare meaningfully?
The lot is in the top 12-14% for size in its immediate area and city-wide. This is a significant asset, offering more privacy, gardening space, or expansion potential than typical area properties.

3. The home is noted as older than others on the street. Is that a concern?
Built in 1990, it is older than most direct neighbors. However, it is newer than the typical Winnipeg home. The key will be the condition of major systems (roof, HVAC), which should be verified during an inspection.

4. What does the sold price history from 2016 tell us?
The 2016 sale provides a historical baseline but reflects the market from nearly a decade ago. It primarily confirms the area has been established for some time, but current market conditions will dictate today’s value.

5. Are the "renovated basement" and "attached garage" standout features?
In this context, they are strong functional assets. A renovated basement adds liveable space, and an attached garage is a major convenience in Winnipeg’s climate. They enhance the home’s practicality rather than positioning it as a luxury item.